EVITRADE Announces Acquisition of Hemp Extraction Technology Corp.

ACCESSWIRE 19-Oct-2018 9:11 PM

VANCOUVER, BC /ACCESSWIRE / October 19, 2018 / EVITRADE HealthSystems Corp. (CSE:EVA, OTCQB:EVAHF) (the "Company" or "Evitrade") is pleasedto announce that, further to its press release dated October 5, 2018, that ithas completed its acquisition of Hemp Extraction Technology Corp. ("HETC").

Pursuant to the transaction, Evitrade has acquiredall of the issued and outstanding common shares of HETC in exchange for anaggregate of 23,333,333 common shares of Evitrade issued at the deemed price of$0.30 per share tothe former holders of HETC common shares. As a result of thecompletion of the acquisition transaction, HETC has become a wholly-ownedsubsidiary of Evitrade.

Management of Evitrade believethe acquisition will further enhance Evitrade's business and commercializationstrategies.

For more information, please contact:

C.K. Cheung, CEO & Director
EVITRADE Health Systems Corporation
(formerly Auxellence Health Corporation)
Email info@evahealthsystems.com
Website http://www.evahealthsystems.com
CSE Micro-site: http://thecse.com/en/listings/technology/evitrade-health-systems-corp US OTC Markets (OTCQB): http://www.otcmarkets.com/stock/EVAHF/news

About EVITRADE Health (CSE:EVA, OTCQB:EVAHF)

EVITRADE Health Systems Corp. (formerly AuxellenceHealth Corp.), is a Technology company specializing in the Life Sciences sectorlooking to deliver effective health solutions with a higher degree ofpredictability and consistency. The Company is focused in four main areas, Autonomous MedicalCare, Molecular Biology, Nutraceutical Solutions and Genetic Selection. Throughits Focus on Autonomous Medical Care, the Company offers a physiologicallyinteractive computing platform that integrates medical devices and artificialintelligence applications into a fully automated, personal health managementsystem for hypertension, arrhythmia, diabetes, and obesity.

AboutHETC

HempExtraction Technology Corp. is an Ontario company focussed on the extractionand processing of oils and other extracts from industrial hemp.

Forward Looking Statements;Disclaimers

This newsrelease contains forward-looking statements based on assumptions and judgmentsof management regarding future events or results. Such statements are subjectto a variety of risks and uncertainties which could cause actual events orresults to differ materially from those reflected in the forward lookingstatements. The Company disclaims any intention or obligation to revise orupdate such statements. For a description of the risks and uncertainties facingthe Company and its business and affairs, readers should refer to the Company'sManagement's Discussion and Analysis and other disclosure filings with Canadiansecurities regulators and on the OTC Markets website which are posted on www.sedar.com, http://thecse.com/en/listings/technology/evitrade-health-systems-corp, and https://www.otcmarkets.com/stock/EVAHF/news,respectively. This news release does not constitute an offer to sell orsolicitation of an offer to buy any of the securities described herein andaccordingly undue reliance should not be put on such. Neither the CanadianSecurities Exchange (CSE or CNSX Markets), nor its Regulation Services Provider(as that term is defined in policies of the CSE), or any other regulatoryauthority accepts responsibility for the adequacy or accuracy of this release.The Company does not undertake to update this news release unless required byapplicable law.

This newsrelease does not constitute an offer to sell or a solicitation of an offer tobuy any of the securities described herein in the United States. The securitiesdescribed herein have not been registered under the United States SecuritiesAct of 1933, as amended (the "U.S. Securities Act"), or any state securitieslaw and may not be offered or sold in the "United States", as such term is definedin Regulation S promulgated under the U.S. Securities Act, unless registeredunder the U.S. Securities Act and applicable state securities laws or anexemption from such registration requirements is available.

SOURCE: EVITRADE HealthSystems Corp.